Tuesday, February 17, 2009

ALL THAT GLITTERS NOW IS GOLD

Gold futures advanced to a record in India after bullion prices abroad rallied above $950 an ounce and the Indian rupee weakened the most in a month, cooling demand for the imported metal in the world's biggest consumer.

April-delivery gold gained as much as 2.9 per cent to 15,131 rupees (Dh1,140) per 10 grams on the Multi Commodity Exchange of India, the highest since the bourse began trading the metal in November 2003.